Tech Mahindra aims for 50% revenue share from digital business

Tech Mahindra has also set up a Blockchain Centre of Excellence that encourages its employees to develop solutions leveraging blockchain technology.Priyanka Sangani | ETtech | March 20, 2019, 08:48 IST

IT services firm Tech Mahindra said that it was targeting a 50% revenue share from digital business, even as it has trained 70% of its IT workforce in digital skills. The company has partnered with FutureSkills, an initiative by industry body NASSCOM, to drive this reskilling program for employees.

Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra, said, “We, at Tech Mahindra believe that successful digital transformation lies in ‘disrupting one’s own business before others do’. As part of our TechMNxt charter, we are investing heavily in reskilling employees in next generation technologies like Blockchain, Cybersecurity, Artificial Intelligence (AI), Machine Learning (ML), Robotics, and Automation, and 5G. Our partnership with NASSCOM has majorly aided this digital transformation journey aimed at reskilling associates in the organization, to make them ‘Digital Savvy’. In the near future, we are targeting at least 50% revenue share from digital businesses while continuing our growth trajectory of around 30% YoY.”

FutureSkills is powered by Edcast, a Silicon Valley organisation for personalized learning. Tech Mahindra has also set up a Blockchain Centre of Excellence that encourages its employees to develop solutions leveraging Blockchain technology. It is also investing in other internal programs to accelerate skilling on next generation roles. It also has partnerships with different universities for collaborative research programs.

Amit Aggarwal, VP & CEO, IT - ITeS Sector Skill Council, NASSCOM, said, “As technology permeates through various industries, capacity building and skill development of our workforce will play a crucial role in driving economic competitiveness in the future. Companies today are prepared for the next wave of growth as reskilling, AI, automation, blockchain, and digital solutions emerge as the future drivers of the industry. Also, with greater impetus by the Government for new age technologies, it is imperative that we equip the industry workforce to deal with futuristic technologies to drive innovation and spearhead the broad structural transformation of the economy.”

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